Business
ACCC won’t change ‘core’ of code to regulate tech giants – Sydney Morning Herald
Competition tsar Rod Sims will not change key elements of a draft regulatory code that would force Google and Facebook to pay news outlets for their content, despite pressure from the tech giants to water it down.
The code, announced by the ACCC in July and expected to be legislated before the end of the year, would give media companies three months to strike a deal about payment for use of their articles. If there was no agreement, an arbitrator would make the decision.
The Australian Competition and Consumer Commission has added a non-discrimination rule to stop Facebook and Google treating the content of news publishers differently based on whether they were eligible to participate in the code. Failur…
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